Evaluation of the World Bank Group's Investment Climate Programs : Focus on Impact and Sustainability

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作者：

Economisti Associati

来源地址：

http://hdl.handle.net/10986/21963

关键词：

INVESTMENT CLIMATE;  IMPACT;  SUSTAINABILITY;  DOING BUSINESS;  BURKINA FASO;  LIBERIA;  SIERRA LEONE;  RWANDA;  SOUTH SUDAN;  BUSINESS REGISTRATION;  CONSTRUCTION PERMITS;  TRADE LOGISTICS;  INVESTMENT PROMOTION;  BUSINESS TAXATION;  PUBLIC-PRIVATE DIALOGUE;  LEGAL FRAMEWORK;  BUSINESS REGULATION;  SPECIAL ECONOMIC ZONES ACCOUNTING;  ACTION PLAN;  ADMINISTRATIVE PROCEDURES;  ARBITRATION;  BANKRUPTCY;  BANKRUPTCY LAW;  BARRIERS TO INVESTMENT;  BENEFICIARIES;  BRANCH OFFICES;  BUDGET ALLOCATIONS;  BUSINESS ACTIVITIES;  BUSINESS ENTRY;  BUSINESS ENVIRONMENT;  BUSINESS INDICATORS;  BUSINESS OPERATIONS;  BUSINESS REGISTRATION;  BUSINESS REGISTRATIONS;  BUSINESS REGULATION;  BUSINESS REGULATIONS;  BUSINESS SECTOR;  CAPABILITIES;  CAPACITY BUILDING;  CAPITAL FORMATION;  CASH FLOW;  CHAMBERS OF COMMERCE;  CIVIL LAW;  CIVIL WAR;  CIVIL WARS;  COLLATERAL;  COLLATERAL REGISTRATION;  COMMERCIAL LAW;  COMMODITIES;  COMMON LAW;  COMPETITIVENESS;  CONTRACT ENFORCEMENT;  COST SAVINGS;  COSTS SAVINGS;  CREDIT INFORMATION;  CUSTOM;  CUSTOMS;  DATA LIMITATIONS;  DEBT;  DEBT FORGIVENESS;  DEBTS;  DECENTRALIZATION;  DEVELOPING COUNTRIES;  DEVELOPMENT BANK;  DISPUTE RESOLUTION;  DIVIDENDS;  DOCUMENTATION REQUIREMENTS;  E-GOVERNMENT;  E-MAIL;  ECONOMIC ACTIVITY;  ECONOMIC EFFECTS;  ECONOMIC GROWTH;  ECONOMIC PERFORMANCE;  ELECTRICITY;  ENTERPRISE DEVELOPMENT;  ENTERPRISE SURVEYS;  EXPENDITURE;  EXPENDITURES;  FINANCE CORPORATION;  FINANCIAL INSTITUTIONS;  FIXED CAPITAL;  FOREIGN DIRECT INVESTMENT;  FOREIGN DIRECT INVESTMENTS;  FOREIGN INVESTMENT;  FOREIGN INVESTORS;  FUNCTIONALITY;  FUND INVESTMENT;  FUTURE PROSPECTS;  GLOBAL DEBT;  GROSS DOMESTIC PRODUCT;  GROSS FIXED CAPITAL FORMATION;  GROWTH RATES;  HARMONIZATION;  HOLDING;  HUMAN RESOURCES;  IMAGE;  IMPACT ASSESSMENT;  INCOME;  INCOME LEVELS;  INCOMES;  INFORMAL ECONOMY;  INFORMATION SHARING;  INFORMATION TECHNOLOGY;  INSOLVENCY PROCEEDINGS;  INSPECTION;  INSPECTIONS;  INSTITUTION;  INSTITUTION BUILDING;  INSTITUTIONAL DEVELOPMENT;  INSTITUTIONAL FRAMEWORK;  INSTITUTIONAL SUPPORT;  INTELLECTUAL PROPERTY;  INTERNATIONAL DEVELOPMENT;  INTERNATIONAL FINANCE;  INTERNATIONAL FINANCIAL INSTITUTIONS;  INTERPOLATION;  INVESTMENT ACTIVITIES;  INVESTMENT CLIMATE;  INVESTMENT CLIMATE REFORM;  INVESTMENT CLIMATE REFORMS;  INVESTMENT POLICY;  INVESTMENT PROJECTS;  INVESTMENT PROMOTION;  INVESTOR PROTECTION;  ISSUANCE;  JOB CREATION;  JUDICIAL SYSTEM;  LABOR MARKET;  LEGAL FRAMEWORK;  LEGAL INFRASTRUCTURE;  LEGAL REFORM;  LEGAL REFORMS;  LEGISLATIVE REFORM;  LICENSES;  MARKET ECONOMY;  MARKET REGULATIONS;  MATERIAL;  MATURITY;  MEDIUM ENTERPRISES;  MISSING DATA;  MONETARY FUND;  NATIONAL INCOME;  NATURAL RESOURCE;  NATURAL RESOURCES;  NOTARIZATION REQUIREMENTS;  OIL;  ONLINE REGISTRATION;  OPERATING ENVIRONMENT;  PHONE;  POLICY MAKERS;  POLITICAL UPHEAVAL;  PRIVATE CAPITAL;  PRIVATE INVESTMENT;  PRIVATE PARTNERSHIP;  PRIVATE SECTOR;  PRIVATE SECTOR COUNTERPARTS;  PRIVATE SECTOR DEVELOPMENT;  PRIVATE SECTOR GROWTH;  PRIVATE SECTOR INVESTMENT;  PRIVATIZATION;  PRODUCTIVE INVESTMENT;  PROFITABILITY;  REAL ESTATE;  REAL ESTATE INVESTMENT;  RED TAPE;  REFORM PROGRAMS;  REGIONAL INTEGRATION;  REGISTRATION FEES;  REGISTRATION PROCEDURES;  REGISTRIES;  REGISTRY;  REGISTRY OF PLEDGES;  REGULATORY CONSTRAINTS;  REGULATORY FRAMEWORK;  REGULATORY REFORM;  RESULT;  RESULTS;  RETURNS;  RISK MANAGEMENT;  RISK MANAGEMENT SYSTEMS;  SAVINGS;  SETTLEMENT;  SMALL BUSINESSES;  STRUCTURAL ADJUSTMENT;  SUPERVISION;  SUSTAINABLE REFORM;  TAX;  TAX INCENTIVES;  TAX PAYMENT;  TAX POLICY;  TAX RATES;  TAX REFORM;  TAX REFORMS;  TAX REGIMES;  TAX SYSTEM;  TECHNICAL ASSISTANCE;  TIMBER;  TIME FRAME;  TRADE UNIONS;  TRANSACTION;  TRUST FUND;  TRUST FUNDS;  TURNOVER;  VALUATION;  WITHDRAWAL;  WORLD DEVELOPMENT INDICATORS;  Report;  Rapport;  Informe; 

年份：

2014

出版地：

Washington,USA

语种：

English

摘要：

This impact evaluation reviews the investment climate (IC) reform programs implemented by the World Bank Group (WBG) in Burkina Faso, Liberia, Rwanda, Sierra Leone, and South Sudan. It follows a study carried out in 2011 across the same countries. The purpose of the evaluation is to update, expand, and deepen the initial analysis within the framework of the earlier study, in order to gain a better understanding of the impact and sustainability of the IC reform activities implemented by the WBG. The evaluation covers a total of 25 IC-related projects implemented by the WBG in the five countries since the mid-2000s. The evaluation consists of three main elements, namely: a review of the outcomes achieved by the IC programs; an analysis of how IC reforms translate into impacts that is into tangible benefits for private firms and for the economy as a whole; and an assessment of the sustainability of IC reforms. The result is a significant improvement in the overall quality of the business environment in the five countries. This report is structured as follows: section one gives introduction. Section two provides an overview of the context in which the WBG programs were implemented, with a short presentation of the salient features of the five countries; section three briefly reviews the activities undertaken by each WBG program; section four analyzes the outcomes of the IC reform programs, with a review of the reforms supported, of the influence of these reforms on the business environment, and of the private sectors perceptions of IC reforms; section five reviews in detail the impact of IC reform programs, providing estimates of both direct impacts (cost savings) and indirect impacts (changes in enterprise formation and formalization, investment, and employment); section six analyzes the sustainability of IC reforms, with respect to both current and prospective sustainability and with an analysis of the main factors influencing sustainability; and finally, section seven summarizes the key findings of the evaluation.